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- Tasks: Support the Commercial Manager in driving efficiencies and managing project costs.
- Company: Join Network Plus, an award-winning utility and infrastructure services provider.
- Benefits: Competitive salary, full benefits package, and a commitment to diversity.
- Other info: Inclusive environment with opportunities for growth and development.
- Why this job: Make a real impact by maximising performance and identifying efficiencies.
- Qualifications: Experience in financial management and strong analytical skills required.
The predicted salary is between 35000 - 45000 £ per year.
As a Commercial Analyst, you will support the Commercial Manager; helping to drive efficiencies; managing costs and regional performance for our clients. This role will see you take control of all financial aspects of the project; overseeing all commercial & contractual matters. You will lead the accounting process, ensuring all project expenditures align with the Schedule of Cost Components. You will be accountable for maximizing performance by managing the Target Price and identifying efficiencies to improve the Pain/Gain share. You will deliver the desired margin return utilising high standards of commercial acumen, whilst identifying, recording and tracking both risks and opportunities.
Key Responsibilities
- Manage and monitor project costs including weekly P&L reporting
- Review contract documents and advise on any issues
- Track the progress and cash flow forecast information
- Produce and review commercial forecasts, Cost Value Reconciliation (CVRs) and Project Finance Reports
- Proactively identify and mitigate risks of Disallowed Cost (e.g., ensuring timely Early Warnings, maintaining robust records, and following agreed procurement procedures)
- Take responsibility for Subcontract Management; including Subcontract Forecasting, raising Subcontractor Orders and Negotiating Subcontract terms
- Prepare subcontract documents, enquiries and assessment of quotations
- Place subcontract orders, agreement and certification of subcontract valuations, invoice, subcontract payments and final account agreements
- Be responsible for the management of the change control process, risk and value management
- Manage and track project changes, variations and/or notices
- Assess and value variations and compensation events
- Prepare and submit interim valuations and payment applications to clients, along with the agreement of final accounts
- Attend risk review, progress and commercial meetings on-site with the Client
- Be actively involved with tenders and pricing
- Assist Credit Control with cash recovery and forecasting
- Support the operational team in daily commercial and contractual aspects
Experience and Qualifications
- Ensure return of all mains test certs, service cards and Vynn submissions and other MOD plus forms
- Manage close out of snagging issues post As Laid submission
- Support the team with administrative duties to help performance improvement; ensuring processes and reports continually monitor the contract performance across a range of metrics
- Compile monthly press release information on behalf of the customer
- Collect and collate the performance data with a view to identifying trends and areas that need to be targeted for improvement, including performance of the contracts for all key workstreams
- Create reports for the leadership team, these report the performance of the contract against the agreed SLAs and KPIs
Salary and Benefits
We offer a competitive salary based on experience along with a full benefits package. Network Plus is proud to be an Equal Opportunity Employer. We celebrate diversity and do not discriminate based on race, religion, colour, nationality, sex, sexual orientation, age, veteran status, disability status, or any other applicable characteristics protected by law. We are Armed Forces-friendly. We welcome applications from ex-Armed Forces personnel, reservists, armed forces veterans, cadet instructors and military spouses/partners. We understand that privacy and the security of your personal information is extremely important. By applying for this role, you agree to the terms of our privacy policy.
About Network Plus
Network Plus is an award-winning business delivering essential utility and infrastructure services for the UK’s major providers of gas, power, telecoms, transport, water, and wastewater. We value the variety of experience, perspective, and other points of difference our workforce, clients, and supply chain offer. We are actively working with colleagues across the Network Plus Group to develop an inclusive environment – we want all our employees to feel valued and included to enable everyone to thrive at work and understand the value of their contribution matters no matter their background, identity, or circumstances.
Commercial Analyst in Bristol employer: Network Plus
Contact Detail:
Network Plus Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Analyst in Bristol
✨Tip Number 1
Network, network, network! Get out there and connect with people in the industry. Attend events, join online forums, and don’t be shy about reaching out to current Commercial Analysts on LinkedIn. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for interviews like a pro! Research the company and its projects, and come armed with questions that show your interest in their work. We want to see that you’re not just looking for any job, but that you’re genuinely excited about being a part of their team.
✨Tip Number 3
Show off your skills! If you’ve got experience with financial forecasting or risk management, make sure to highlight that in conversations. We love seeing candidates who can demonstrate their commercial acumen and how they can add value to our projects.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we’re always on the lookout for talent that aligns with our values and goals, so make sure you get your name in the mix!
We think you need these skills to ace Commercial Analyst in Bristol
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Commercial Analyst role. Highlight relevant experience, especially in managing costs and financial aspects of projects. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific examples of how you've driven efficiencies or managed project costs in the past.
Showcase Your Analytical Skills: As a Commercial Analyst, strong analytical skills are key. In your application, give us examples of how you've used data to make informed decisions or identify risks and opportunities in previous roles.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss any important updates from us!
How to prepare for a job interview at Network Plus
✨Know Your Numbers
As a Commercial Analyst, you'll be dealing with financial data all the time. Brush up on your P&L reporting and Cost Value Reconciliation (CVR) knowledge. Be ready to discuss how you've managed project costs in the past and any specific metrics you've used to track performance.
✨Understand Contractual Nuances
Familiarise yourself with common contractual issues and how to address them. During the interview, share examples of how you've navigated contract documents and managed subcontractor relationships. This shows you can handle the commercial and contractual aspects of the role.
✨Risk Management is Key
Be prepared to talk about how you've identified and mitigated risks in previous projects. Highlight any experience you have with Disallowed Costs and how you ensured compliance with procurement procedures. This will demonstrate your proactive approach to risk management.
✨Showcase Your Analytical Skills
The role requires strong analytical skills, so come equipped with examples of how you've used data to drive efficiencies or improve performance. Discuss any tools or software you've used for forecasting and tracking cash flow, as this will resonate well with the hiring team.